Waihis Improve

Sun (Auckland), Volume IV, Issue 981, 26 May 1930, Page 13

Waihis Improve

rIE volume of business registered this morning was small Waihis have firmed to buyers 13s 4d, sellers 13s 6d.

Eiwiness on Auckland Market Transactions on the Auckland market this morning: At the midday call:—Bank of New douth Wales (Melbourne reg.), £39 10s Bank of New Zealand, £2 18s 9d; douth British Insurance, £2 19s 6d: ■Vew Zealand Inscribed Stock, 1932, 51 percent., £9B 15s. Market at Midday Bank shares continue to attract investors. Australians have buyers at £l2 4s. an advance of one shilling. Commercials of Australia have improved to buyers 21s 6d, sellers 21s Bd. English, Scottish and Australians are steady. National Bank, Australasia, ijcth ‘issues, are asked for. Wales are unchanged. New Zealands continue to change hands at market .... g . Unions have strong buyers at pH 7s 6d, sellers £ll 12s 6d. ""insurances are Arm. Nationals are •I gain supported with buyers at 14s, sellers holding for 14s Bd. New Zeaiands have strong buyers at 43s 9d. Queenslands are unchanged. South British are steady, with sales 59s 6d.

The bond market is firm and many buyers are appearing in this section. * * * Dividends Due National Bank of Australasia—final, both issues, 10 p.c. p.a. May 28 Bank of N.S.W.—quarterly, 2£ p.c May 28 Lewis Eady—annual, S p.c May 29 New Zealand Paper Mills—final, 7£ p.c. p.a May 29 Gisborne Gas—final, 2J p.c May 30 Westport Coal—interim. Is a share May 30 Waihi Grand Junction —annual. Ida share May 30 Farmers’ Trading—A and B pref., 7 p.c. p.a May 31 Henry Jones Co-op.—interim. 9d a share June 2 Wilsons Cement —final, 5 p.c., bonus. 2i p.c June 4 Bank of N.Z.—final and bonus, 14 1-3 p.c. p.a June 21 [Mount Lyell—interim, 5 p.c. . . June 23 Australian Glass—final, ord., 5 p.c.; bonus, 2£ p.c.; pref. final, 44 p.c June 25 Farmers’ Trading—ord., 10 p.c. p.a June 26 Faterine Stock Foods—pref., 5 p.c. p.a June

P TO-DAY’S QUOTATIONS

Closing quotations at today's midday call were:—

PARKER LAMB TIMBER COY. A DIFFICULT YEAR PROFIT OF £4S9 A' net profit of £B4O. compared with !«£3,001 for the. previous year, is shown in the report and balance sheet, of the Parker-La mb Timber Co., Ltd., for the year ended March. 1930. The report states that the improvement in general business conditions forecast last year failed to materialise, and as a result the sawn timber demand slumped «*onsiderably. In spite of thip, sales had been well maintained but owing to severe competition prices bad been lower. The Australian market. which was formerly a consistent outlet for certain lines of timber, had been practically closed on account of industrial and financial troubles during; the past year. The company’s mill at Hangatiki had been dismantled, and with the exception of rails and machinery its value had been written off. A large amount of costly preliminary work was done in connection recently acquired bushes at TaiTua. but the company would reap the benefit of this large expenditure later on. The mills., machinery, bush plant and tramways were in good order to meet any milling demand, and that demand might be exDected when business conditions hero' and in Australia improve, and when the much-needed embargo on the importation of foreign timbers, worked by foreign labour and capital, gave an opportunity to local resources, labour, and industry. The report show's that the profit and loss account at March 31, 1929, had a credit balance of £8,834 5s 7d. from had to be deducted .£2,-88 17s »d written off the dismantled Hangahki mill, and £2,983 7s 7d dividend and income tax paid, leaving £3.562 Os Jr* After adding the net profit for The year. £849 6s 3d. there is a balacc°unt of £4.411 6s Gd. The retiring directors. Messrs. James « Maxwell and Hendrv Luke, offer themselves for re-election. ■Following is a comparison of the company’s results during the past three years: —

BUTTER AND CHEESE DAIRY BOARD’S REVIEW The New Zealand Dairy Produce Board has received the following market report from its London office, dated May 23, prices for the previous week being in parentheses: Butter New Zealand. —Salted, 1 127 s to 130 s (126 s to 130 s); unsalted, 13Ss to 146 s (140 sto 1445); first whey, 120 s (120 s); second whey, 116 s (116 s). Deliveries New Zealand this week, 875 tons; in store, 10,000 tons. Australian. —Salted, 125 s to l„8s (124 s to 128 s). Argentine.—Unsalted, 120 sup to Irish Cream. — I Salted, 124 s (1265) ; unsalted, 128 s (1305)._ . Danish. —F.0.b., 12os (l„6s) , spot, 13 Dutch.—Un saft ed, 126 sto 130 s (128 s t 0 Estonian—l24s to 126 s (124 sto 12 tfatvian.—124s to 126 s (124 s to 1265). Siberia n^—l22s (122 s to 1235). Polish. —112 s to 120 s (112 s to 120 s). IMarket quiet. Ketail prices unchanged. The Marketing Board s estimated stocks of all butters at M.ay 17 was 905,067 boxes. Cheese New Zealand. —White, 80s to 81s fSfs to S2s) ; coloured. 86s to SJs. (Bds to 87s). Deliveries New Zealand this week, 16,976 crates; in store, 131,3 GS ''Australian.—'White, 79s (80s); col- ° “canad iam—wit I te, 102 sto 105 s (98s to 106 s); coloured, 100 s to 104 s (96s to 104 s- c i.f.. new seasons cheese, 82s. Market slow. Retail prices unchanged. North American Markets The board has also received the foli lu-ine advice from Its agents in Butter: New York, 34 cents (Is sd); Montreal, 29 cents (Is 2Jd). TRADE RECIPROCITY CANADA MUST BUY MORE FROM AUSTRALIA -Reed 9 5 a.m. VANCOUVER, Sunday. Declaring that Canada must increase her purchases in Australia if it is to "ell more to that country, Mr. J. E. Fenton, Australian Minister of Trade ■md customs, reminded a British Columbia delegation which welcomed him at a summer resort en route to this city, that Great Britain is still the greatest customer of Australia. Australia could use considerably more Canadian goods, but trade between the two Dominions must be equalised to remove the disparity m exchange.

Buyers. Sellers. £ e. a. £ s. CL banks— of Commerce t 4 9 Australasia . . - - - I 1 K 1 1 8 Ditto (con.), 5s pci Ditto (pref.) - • Ditto, new issue, ** 1 fully paid . . V.ne . Soot. & A list. National of N.Z. .. 5 0 Nat. of Australasia 6 7 New Zealand s 11 6 Union of Australia INSURANCE. — 11 National 0 14 0 0 14 8 New Zealand .. .. Queensland — {South British .. . - ° XOAN AND AGENCY— Farmers Co-op. 0 J 7 Auct., A (pref.) . Ditto B (pref.) IK Goldsbrough, Atort . 1 Nat. Afortgrape Com. Invest and * Banking 6 N.Z. and River Plate 1 N.Z. Guar. Corp. .. 8 N- Auck. Farmers Co-op. (ord.) 0 2 ft _ COAL— llikurangri 0 1 2 0 2 0 Ditto (pref.) 1 Ditto (A pref.) - 0 0 Pukemiro 3 10 Renown 15 Ditto, pref. (n. issue) Taupiri .. . . 1 4 1 Ditto (pref.) 0 !) 0 Westport-Stock ton 0 1 * — GAS— Auckland 1 4 Ditto (con ) .... 17 CHIPPING — Be von port Steam l 1 K 1 2 9 Huddart-Parker 1 17 Ditto (pre r .) 1 Northern Steam n 13 14 Ditto (con.) 0 K ft 0 K 6 Union Steam (pref.) TIMBER— l 0 0 0 12 ft ft 1.3 3 Parker-Lamb .. .. — ft 16 3 BREWERIES— C. L. Innes l 1 ft Ditto (pref.) .. .. l 1 ft N.Z. Breweries 2 12 s 2 13 MISCELLANEOUS— Auck. Amuse. Park ft 9 ft Ditto (pref.) .. .. — 0 14 0

- . ® r oii B ln forward .. profits .... 927-2S 6.793 3,721 ]92S-2D £ 5,832 3.002 1929-30 £ 3,562 849 written off..' income tax p.r! Amount . . ’ 09,514 532 . 6 . 3,150 £ 8,834 2.2S9 358 2,562 £4.411 Carried forward •Subject to — 5,932 3,562 income tax. *4,411

Bujera. Seller*. £ s 1. cl l. £ s. d. Australian Glass . . 2 0 6 — Booth, Macdonald (pref.) 0 9 0 5 British Tobacco 0 ft Colonial Sugar .. . 40 1ft 0 41 10 0 Dominion Pictures . 1 ft 0 Ditto (pref.) .. .. 1 0 0 Electrolytic Zinc 1 Ditto (pref.) .. .. 1 6 9 1 Farmers’ Trading .. 0 8 6 0 9 Ditto (A pref.) .. 0 16 0 >itto B (pref.) .. 0 12 0 Fullers’ Pictures .. ft 13 Gear Meat 1 18 6 Hamilton Theatres 0 17 Haywards’ Pictures 0 J 2 0 18 Mi l and Plummer .. l H.M. Arcade (pref.) 1 0 0 Mi.no and Choyce < deb. stock) . . 1 5 0 National Pictures 6 X.Z. Farmers’ Fert. IS s N.Z. Refrig 0 1ft 0 Sanford, Ltd ft 6 ft 12 Ditto (pref.) , . . . 1. 0 Taranaki Oil Fields 0 1 0 ft 1 I nion Oil 1 16 Whitome, Stevenson: l Wilsons Cement .. 2 4 0 — MINING— Alburnia 0 ft 1 ft 0 3 Moanataiari (paid) . ft 0 ft ft Waihi 0 13 4 13 ft J 0 Mount Lyell 1 8 10 1 4 Rawang DEBENTURES— Auck. Har. Bd., p.c 96 Ditto, p.c. .. 98 0 0 100 0 0 1936, 5i p.c 96 0 0 97 10 100 92 0 0 98 Bor. Mt. Albert, 6 10.1 ft ft 104 Booth-Macdonald .. '<0 0 0 — Gisborne SheepWilliamson Filmo 1 1 Glaxo .. .. • • •• 9ft ft 0 98 0 GOVERNMENT LOANS War Loan, 1930, 4i 99 ft 0 — Ditto, 193S, p.c. 98 5 ft 98 Dlto, 1939, 4 J p.c. 98 b Ditto, 1041, 41 p.c. 97 15 Ditto, 1936, p.c. 99 0 0 99 10 INSCRIBED STOCK War Loan, 1938, 4i 9S .5 0 — Ditto. 1939, 44 p.c. 98 5 0 Ditto. .1927-4], 5J Ditto, 1933. 51 p.c. 99 0 Ditto. 1936, 5i p.c. 99 Ditto, 1932, 51 p.c. 98